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New Deal


Announced

Completed

Temasek and Abu Dhabi Growth Fund led a $400m Series C round in UPSIDE Foods.

Financials

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Transaction Value£306m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Venture Capital

Acquisition

Private

Single Bidder

Completed

United States

food products

Food Products

meat

Private Equity

Cross Border

Minority

Synopsis

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Temasek and Abu Dhabi Growth Fund led a $400m Series C round in UPSIDE Foods, a company in the cultivated meat, poultry, and seafood industry, with participation from Baillie Gifford, Givaudan, John Doerr, SALT fund, Synthesis Capital, Bill Gates, Cargill, Cercano Management, CPT Capital, Dentsu Ventures, EDBI, Kimbal and Christiana Musk, Norwest Venture Partners, SoftBank Vision Fund 2, SOSV's Indie Bio, and Tyson Foods. "UPSIDE has reached an historic inflection point, moving from R&D to commercialization. Our team at UPSIDE continues to overcome seemingly insurmountable challenges in our mission to make our favorite food a force for good. Working in partnership with our world-class coalition of investors, we're excited to bring delicious, sustainable and humane meat to the consumers around the world," Uma Valeti, UPSIDE Foods CEO and Founder.

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